In Case You Were Wondering.

There are penguins in Africa.  I know there are penguins in South America, and I have no idea why I never considered that they are probably in Africa too.  Apparently they are covered in oil right now, which immediately lead me to wonder: "how does one cook a penguin?"  Seems like covered in oil would be a good way to start off;  deep fried?  Of course they're probably a very fatty bird already.  How do you cook duck?  Alright, that's enough speculation, bring in the experts!

They are very fat, so a method that melts the fat off is better, like a roast. The blood is very rich in oxygen so the meat turns an un-appetizing dark as it cooks. The breast can make decent steaks. For doing an omelet, you need to remove some of the white of the egg otherwise it's not tasty enough
The penguins FAQ

You know, there are surprisingly few websites on cooking and eating penguins.  Maybe its cause they taste terrible.  Or maybe its cause some populations of penguins are a little threatened.  But I think mostly its just inappropriate to eat them because of the penguin marketing machine's work to endear the little buggers to us.  Sure, I could think of more inappropriate things to eat, but honestly you should be able to get served penguin somewhere...  What was that martial arts movie where they were smuggling in rare animals so that rich people could eat them in a secret restaurant?  Ah, yes, Tom-Yun-Goong.  Good movie.